propnewstime.com-India sees 2,948 acres transacted in 2024, driven by housing and industrial demand
In 2024, land acquisition in India has shown remarkable resilience despite rising prices. The National Capital Region (NCR) and the Mumbai Metropolitan Region (MMR) have emerged as the key players in this ongoing trend. Data from ANAROCK reveals that NCR recorded 38 land deals covering over 417 acres, a significant increase from 22 deals for 190 acres in 2023. This surge indicates a strong demand for residential and commercial properties, driven by a robust homebuyer interest.
While NCR led in the number of deals, MMR stood out with the highest land volume transacted, totaling over 607 acres in 30 deals. The increase in land prices in both regions has not deterred developers. Instead, it has prompted them to focus on acquiring prime assets, which they view as essential for meeting the growing demand for housing and commercial spaces.
